Los Angeles daily herald., 1887-12-29
CHEAP PROPERTY.
The Latest Ripple in the
Boom.
ANAHEIM AFRO USING.
The "MOther Colony" Falls Into
the Line of Great Improve
ments at Last.

helm real estate agent in the street
yesterday and asked how things ar
moving down at the Mother Colony.
His views are so flattering to his tow
that they. seem worthy OF more THAI
passing notice. 1t seems that -th:
place is astir at every point, and tina
great things are to be done there and arr
being done. The Del Compo Hotel i!
being rushed up with all possible dis
patch, the AlbYecht Brothers who have
the contract pushing things in every
way. 1t is to be finished by the first o.
February and open for guests. The
tract in which it stands is all being
laid with cement sidewalks, and the
grounds are to be handsomely i'm
proved Then the old pioneer, Theo,
dore Reiser, has the plans all out for
his big brick block, in which the new
opera house is to be. This will be
upstairs while below is to be row OF
stores.
The graders who we're working on
the new railroad to Los Angeles when
the roadbep was completed to Buena
Park were Withdrawn and put on at
the Los Angeles end of the road. A
large force is now working on the
Laguna ranch, just southeast of this
city. The work is very easy and rapid
progress is being made. By Saturday
night the grade will be finished to the
crossing OF the San Gabriel river, and
it is hoped that the line will be oper-
ating by the end OF January all the
way to San Diego.
The rush of tourists has found its
way to Anaheim in great force. The
town is full OF them. Houses are SO
scarce, and there is such q big demand
for them that Messrs. Littlefeld and
Goldthwaite are busy trying to get a
lot of handsome cottages finished to
supply the urgent demand. The town
hotels are full all the time. The
reason why SO many new
comers are focking in to the
old colony, is because they
have found out that Anaheim pos
sesses as fine climate as any other
spot in Southern California. During
the unusually cold spell which has
prevailed here, Anaheim has not felt
chill. Even the nights down there
are pleasant and warm. The days
are simply delightful beyond descrip-
ton.
Then there is another very substan'
| tial attraction which is drawing hun
dreds OF speculators and investors to
Anaheim to look at property. That is
the price at which property is still
being offered. With the best soil in
the country, with absolutely the
finest water supply in Los Angeles
county, and with such a perfect eli
mate, it might be supposed that
lands would be held there at
fancy prices. But the fact is
property has not changed hands there
to any great extent. In the early part
OF the "boom," when the people in
| other sections were crazy to let go OF
their realty at ridiculous prices, Ana
helm was thrifty, prosperous and
therefore contented community. There
was no one in the place who had any
thing for sale. So the first settlers
hold the property still. Now while
everything else has changed hands a
score Of times, and at each transfer at
great increase in price, Anaheim
property is not inflated by such a
process. 1t has only Just begun to
move upward from bedrock prices.
Three years ago it was held far above
the range in other localities. Now
| it is the cheapest in
the county. The speculator
and investor have learned this
fact, and they are now going in in
force to grab piece before the boom
ers get it too high. Rates are on an
up grade and those who bought a
month ago are in position to get
some benefit out of their invest
ments. Few of them are, however,
III u mood to take advantage OF this
possibility. They think they see far
better things in store for them later
on, and instead of selling now most OF
then are buying more. Where else
in the country can the best lands,
with plenty OF water, be had for $500
an acre. These statements are abso-
lutely true. The lands are the
best, the climate is the
finest, the water the most
abundant, and the price is cheap as
this. "Where can you duplicate such
a purchase ?" said the real estate man.
"This 5000 an acre land is right in
town, near the two depots. l tell you
there is nothing like it in Los Angeles
county, and the buyers are getting to
know this" Titus spoke the enthusi-
astic Anaheimer, and from what he
knows OF the matter the reporter is
inclined to think he is right. But in
lasmuch as the reporter is seldom q
buyer, Anaheim has little interest in
his opinion. 1t is the crowd of in
vestors who flock in by each train
whose views are taken. =.
These lands can be planted to fruit
trees, and at the end OF three years
they will be paying a net income Of
5000 per acre. All sorts OF fruits
flourish in the magnificent soil Of
Anaheim quite as well as they do in
any of the most select spots
, in this county. Here the or
ange grows to perfection. Lemons
: and lines do excellently, for there is
not bit of frost to nip their tenderes'
buds. All the deciduous fruits
peaches, apricots, plums, apples